Lisk Price Spikes 65% on BitFlyer Listing

The Lisk price surged more than 65 percent following its listing on Japan-based cryptocurrency exchange bitFlyer.

Lisk Price Makes 65 Percent Advance

Wednesday has been brutal for the cryptocurrency markets. The Bitcoin price dropped below the $10,000 barrier, while the cryptocurrency market cap entered sub-$500 million territory for the first time since Jan. 17.

One token, however, bucked this trend and posted a strong advance against the dollar. Lisk, a blockchain platform that stores decentralized applications in sidechains (as opposed to the main blockchain, as Ethereum does), saw its price soar during intraday trading.

Shortly before 6:00 UTC, the Lisk price was trading at roughly $21.50 on Bittrex. At this point, it experienced a near-sudden spike, and within the span of 25 minutes, the Lisk price was valued at $36.27, which represented an increase of more than 65 percent. Just as quickly, however, the Lisk price dropped back below $30, but it continues to trade well above its previous level. At present, Lisk is valued at $26.56 on Bittrex, which represents a single-day increase of about 24 percent and translates into a $3.1 billion market cap.

LSK Price Chart

Binance accounts for a plurality of LSK trading, where the token trades against Bitcoin, while South Korea-based Upbit’s LSK/KRW market provides Lisk with its largest fiat trading pair. Most of LSK’s remaining volume is concentrated in BTC and ETH trading pairs.